Ataa signs SAR 275 mln credit facility with Banque Saudi Fransi

05/01/2020 Argaam

 

Ataa Educational Co. signed a Shariah-compliant bank facility of SAR 275 million with Banque Saudi Fransi, it said in a statement to Tadawul on Sunday.

 

The facility tenure extends for 7 years and is guaranteed by a promissory note.

 

The loan will be used to finance Ataa’s working capital and future expansion projects, the statement noted.

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